The gross domestic product (GDP) of China's western regions rose 12.5 percent in the first nine months from a year earlier, China's top economic planner said Thursday.
In the following two years, the project will hold over 10,000 activities in 100 cities nationwide, reaching out to millions of SMEs with free 3G technology training, website building and hosting services.
China National Petroleum Corporation (CNPC) has signed agreements with Sudan to expand a refinery and swap oil production assets. according to a statement on the company's website Friday.
The global economic downturn has not affected the personal wealth of the rich in China that continued to expand this year and also opened up more opportunities for private bankers, said a recent study.
Low interest rates, especially the deposit rate, would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People's Bank of China said.
China's fiscal revenue for October reached 684.49 billion yuan (about 100 billion U.S. dollars), the Ministry of Finance announced Friday.
"Emerging markets are facing a real risk of possible asset bubbles in the short run given the excessive liquidity in the international system."
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| Currencies | Buying Rate | Middle Rate |
|---|---|---|
| USD | 681.38 | 682.74 |
| EUR | 1014.55 | 1020.22 |
| GBP | 1133.32 | 1141.51 |
| JPY | 7.6475 | 7.6459 |
| HKD | 87.92 | 88.09 |
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